Theremin.ai to continue developing investment strategies and technologies for Indian and Asian markets
QiCAP.Ai co-founder Amit Rathi says Theremin.ai https://theremin.ai/ acquisition aligns perfectly with his technology company’s vision to deliver cutting edge execution strategies to professional traders and unique investment solutions to family offices.
“This acquisition aligns perfectly with our vision to deliver cutting edge execution strategies to professional traders and unique investment solutions to family offices,” he said on 4 June, announcing the acquisition of Mumbai-based Theremin.ai from Fractal www.fractal.ai, a global provider of artificial intelligence and advanced analytics solutions to Fortune 500® companies.
“We are thrilled to integrate Theremin.ai’s capabilities into our platform https://www.meity.gov.in/ , rounding out our offering on the entire spectrum of investments,” he said.
QiCAP.Ai https://qicap.ai/ with offices in Mumbai, Bangalore, Gandhinagar, Gurugram and Singapore, is a leading quantitative investment and trading group that seeks to capture opportunities across asset classes in Indian markets using high frequency trading strategies. It leverages its cutting-edge proprietary technology & quantitative models built by its team of engineers & mathematicians to offer cutting edge execution strategies to professional traders as well as unique investment solutions to family offices that enable them to add un-correlated alphas to their existing conventional portfolios https://digitalinasia.com/.
Fractal has made a strategic decision to divest Theremin.ai, its venture in deep reinforcement learning based investment strategies https://www.bengalurutechsummit.com/ to QiCAP.Ai
This decision is a part of Fractal’s ‘ideas2business’ and ‘Alpha philosophy’, which enables Fractal to accrue growth capital for reinvestment https://www.investindia.gov.in/ into new ideas.
The move will help QiCAP.Ai in the development of GenAI LLM technologies https://www.servicenow.com/ to develop stock prediction and sentiment analysis capabilities for Theramin.ai and to enable building of multiple strategies off a single platform.
Theremin.ai, a business incubated by Fractal and backed by Mexico’s OLMO Capital, has been developing technology platforms for identifying investment opportunities in financial markets, particularly in Indian and Asian securities markets.
Leveraging Fractal’s expertise in AI, Theremin.ai has crafted valuable algorithms focus on low and mid frequency securities trades, as well as data assets with conventional and alternate data sources.
“We built Theremin.ai as a way to test our AI models in their ability to generate and execute investment ideas in the capital markets https://www.nseindia.com/ without human intervention,” said Srikanth Velamakanni, Co-founder, Group Chief Executive, and Vice Chairman, Fractal.
“The value of this experiment has been now recognized by QiCAP.Ai and we now believe this is the natural home for Theremin.ai to take these algorithms and investment ideas to the next level.”
Hemant Kothavade, Co-Founder & CEO, Theremin.ai, elaborated, “Our focus on high-value alpha investment strategies https://www.bseindia.com/ is likely to get a further shot in the arm from joining hands with QiCAP.Ai to help realize the full potential of the work done on low and mid frequency signals and the platform as a whole.”
“We are excited about this development at Theremin.ai. It helps us realize value from our very early-stage investment into the domain of AI based investment analysis in Indian and Asian capital markets via Theremin.ai,” said Gulu Mirchandani, Chairman of OLMO Capital https://olmo.capital/ .
The divestiture enables Theremin.ai to continue its mission of developing investment strategies and technologies for Indian and Asian markets https://www.sgx.com/ .
Fractal is one of the most prominent providers of Artificial Intelligence to Fortune 500® companies http://fortune.com . Fractal’s vision is to power every human decision in the enterprise, and bring AI, engineering, and design to help the world’s most admired companies.
Fractal currently has 4,500+ employees across 17 global locations, including the United States, UK, Ukraine, India, Singapore, Middle East and Australia. Fiinews.com
